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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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competitive note issue

Where have all the coins gone?
Commodity Money, Economic History, Fiat Money, Money & Politics, News

Where Have All the Coins Gone?

Will Luther/July 10, 2020June 19, 2022

“If you put the federal government in charge of the Sahara Desert,” the economist Milton Friedman once quipped, “in five years there’d be a shortage of sand.” The U.S. Mint, to its credit, had a much longer run. The Federal Reserve, which purchases coins from the Mint…

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Canadian Banking System, competitive note issue, cryptocurrencies, currency competition, financial innovation
Digital Money, Economic History, Free Banking

Wrong Lessons from Canada's Private Currency, Part 3

George Selgin/April 4, 2017June 19, 2022

(This is the last of a three-part series.) In my first and second posts addressing a recent Bank of Canada Working Paper by Ben Fung, Scott Hendry, and Warren E. Weber, I argued that the paper exaggerates the shortcomings of Canada's 19th-century currency system, with its reliance…

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base money, competitive note issue, Denaltionalisation of Money, monetary rules, NGDP targeting
Banking Regulation, Economic Thought, Free Banking

Friday Flashback: Free Banking and NGDP Targeting

George Selgin/February 17, 2017June 19, 2022

(Originally appeared on June 19, 2013.) Kurt's recent post on NGDP targeting just happens to come right on time to introduce one I'd been contemplating concerning the connection between such targeting and free banking. While many readers may suppose the two things to represent alternative, if not…

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competitive note issue, David Glasner, financial stability, Gold standard, monetary rules
Commodity Money, Economic History, Free Banking

Did the Gold Standard Fail? A Response to David Glasner

Larry White/October 6, 2016June 19, 2022

At the Mercatus / Cato CMFA conference a few weeks ago on “Monetary Rules for a Post-Crisis World,” David Laidler and David Glasner gave interesting and informative talks on the history (and history of economic thought) regarding the evolution of monetary rules during the first panel. Video…

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Recent Posts

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  • The New Deal and Recovery, Part 21: Happy Days
  • Stop Lionizing Paul Volcker and Villainizing Arthur Burns
  • How Common Has Private Currency Been?

About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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